Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

LEN December 90 puts $0.90 trading up to $1.50 @ $1.60 (emailed at 10:20) locking in 50% holding 50%, small position called as well in the December 95 calls (straddle cost $1.35) as the price is dropping here as low as $0.45. LEN dropped much of the session after an earlier bounce. We have more retailers this week! and some brokerages. Probably downside might be lower than 80-85 but still LEN won't stagnate that's for sure either way we have no risk of REAL CAPITAL EXPENDITURE.. we controlling about 3,000 shares of stock with about 4 grand expenditure on a 90 buck stock.